London, Sept 14, 2026 (AFP) - UK plans to acquire steelmaker as industry struggles

NAMPA / AFP

2026-09-14

The UK government announced plans on Monday to acquire the country's third-largest steelmaker, after taking temporary ownership of the group last year amid an industry downturn. The announcement of the takeover of Speciality Steel UK came two months after the government nationalised British Steel, taking control from Chinese firm Jingye to avert the shutdown of the country's last factory that can make steel from scratch. "We do not intervene in......

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Business & Finance News

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